Private Sector

Rs 38,900 crore deal to buy fighter jets from Russia, HAL; missile systems: All you need to know

The government has approved Rs 38,900 crore deal with Russia to buy MiG-29 fighter jets, upgrading over 50 MiG-29s, procuring Su-30 MKI from HAL and for indigenously developing advanced missile, rocket systems amid tension with China at the Line of Actual Control (LAC).

Defence Minister Rajnath Singh, who was on Russia visit last week, has given a go-ahead for the proposal for upgrading armed forces to further strengthen Indian Air Force’s fighter jet portfolio and missile systems.

India to buy 21 MiG-29 fighter jets, procure 12 Su-30 MKI aircraft from HAL

Defence Minister Rajnath Singh who led the Defence Acquisition Council meeting approved proposals for an approximate Rs 38,900 crore to buy 21 MiG-29 fighter jets from Russia including procurement of 12 Su-30 MKI aircraft from HAL to strengthen the armed forces.

Upgradation of 59 MiG-29s
The government has also approved the upgradation of 59 MiG-29 fighter jets from Russia along with the procurement of 21 MiG-29 jets.

21 MiG-29 procurement from Russia, upgradation to cost Rs 7,418 crore
Procuring new MiG-29s fighter jets and upgradation of existing ones will cost India Rs 7,418.

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